22 films vie for Palme d’Or at 77th Cannes Film Festival
The Cannes Film Festival, the world’s premier artistic gathering, is set to unfold from 14 to 25 May in its 77th edition. The Cannes Film Festival serves as a vital gateway to such exceptional films. Immersive CompetitionThe 2024 Cannes Film Festival introduces the novel Immersive Competition, hosted at Cannes Cineum and Université Côte d’Azur. Arab Representation at CannesThis edition of the Cannes Film Festival features six films from the Arab world, showcasing the talents of Saudi Arabia, Egypt, Morocco, Somalia, and Palestine across various festival competitions. Premiering at the third Red Sea Film Festival, where it won Best Saudi Film, “Norah” stars Yagoub Alfarhan, Maria Bahrawi, and Abdullah Al-Sadhan.
Source:Daily News Egypt
May 04, 2024 22:39 UTC
US Military Official Discusses Gaza Aid Challenges: Why Airdrops Aren’t Enough
Washington— Andrew Clemmensen, a member of the US Air Force and military fellow at the Washington Institute for Near East Policy, shared insights on the logistical hurdles of delivering aid to Gaza via air. They can’t deliver the quantity of aid Gaza needs,” he said. Clemmensen noted that regional cooperation is crucial for success in air defense and other military operations. Andrew G. Clemmensen is a member of the US Air Force and a military fellow at the Washington Institute for Near East Policy. The views expressed here are his own and do not necessarily reflect those of the US government, the Department of Defense, or the Air Force.
Source:Daily News Egypt
May 04, 2024 22:23 UTC
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Hamas delegation to arrive in Egypt today for Gaza ceasefire talks
For the past few days, Hamas has been studying a ceasefire proposal presented to it during the latest rounds of talks held in Cairo. While the specifics of the proposal are not yet public, any deal will include a ceasefire in Gaza in lieu of the release of hostages in captivity. The United States along with regional partners Egypt and Qatar are facilitating negotiations between Hamas and Israel. AdvertisementHamas is the last remaining town in Gaza where major fighting has not taken place. A top Hamas official on Friday accused Netanyahu of trying to derail the ongoing efforts for a truce in Gaza.
Source:Egypt Today
May 04, 2024 19:40 UTC
Consensus formula reached on many disagreement points during Gaza truce talks: Source
CAIRO - 4 May 2024: A High-level source stated told Al-Qahera TV News Channel the Egyptian security delegation taking part in the talks between Palestinians and Israelis, have reached a consensus formula on many points of disagreement regarding establishing a truce in Gaza. A Hamas delegation has arrived in Egypt this morning to participate in the talks, and significant progress was witnessed in the negotiations, according to Al-Qahera TV News Channel. Hamas said its delegation was heading to Cairo on Saturday to resume Gaza truce talks, as the United Nations warned that Israel’s threatened assault on the city of Rafah could produce a “bloodbath”. According to France 24, Foreign mediators have been waiting for the Palestinian militant group to respond to a proposal to halt fighting for 40 days and exchange hostages for Palestinian prisoners.
Source:Egypt Today
May 04, 2024 16:20 UTC
Hamas delegation in Cairo amid significant progress in Gaza ceasefire talks: Egyptian Source
Destroyed buildings by Israeli nonstop bombing on the Gaza Strip- the photo from the Palestinian journalists in Gaza through their Telegram channelsCAIRO – 4 May 2024: The Hamas delegation tasked with negotiating a ceasefire in the Gaza Strip arrived in Egypt and made significant progress in negotiations, a high-level source told Al Qahera News. The source added that the Egyptian security delegation reached a consensus formula on many points of disagreement. Egypt is hosting a new round of indirect talks between Hamas movement and Israel regarding reaching a ceasefire in the Gaza Strip and increasing the humanitarian aid that should enter the besieged enclave. Meanwhile, Egypt and the UAE jointly continued airdropping humanitarian aid into the besieged Gaza Strip, announced the Egyptian Ministry of Defense in a statement on Saturday. This coincides with the implementation of daily sorties and sustains the airdrop of humanitarian aid into the Gaza Strip.
Source:Egypt Today
May 04, 2024 14:56 UTC
Fitch revises Egypt’s outlook to positive; maintains ‘B-‘ rating
Fitch Ratings has revised the outlook on Egypt’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to Positive from Stable, while affirming the IDR at ‘B-‘. Additionally, Fitch believes exchange rate flexibility is likely to be more durable than previous efforts. FX Reserves to StrengthenFitch forecasts Egypt’s gross foreign exchange (FX) reserves will increase by $16.2bn in FY24 to USD49.7 billion. While an external shock could test authorities’ commitment, Fitch has greater confidence that exchange rate flexibility will be more durable. Debt Sustainability a Concern: Egypt’s very high debt interest costs remain a key vulnerability.
Source:Daily News Egypt
May 04, 2024 05:21 UTC
China-Serbia forum highlights community with shared future for mankind
(Xinhua/Ren Pengfei)This photo shows the Chinese-English bilingual version of the report “Fostering a Global Community of Shared Future: Contemporary Significance and Tangible Achievements” launched by Xinhua News Agency. At the forum, Xinhua News Agency also launched the Serbian version of the report “Fostering a Global Community of Shared Future: Contemporary Significance and Tangible Achievements.” The theme of the forum read as “Deepening China-Serbia comprehensive strategic partnership following the vision of a global community of shared future.” (Xinhua/Jin Liangkuai)This photo shows the Serbian version of the report “Fostering a Global Community of Shared Future: Contemporary Significance and Tangible Achievements” launched by Xinhua News Agency. At the forum, Xinhua News Agency also launched the Serbian version of the report “Fostering a Global Community of Shared Future: Contemporary Significance and Tangible Achievements.” The theme of the forum read as “Deepening China-Serbia comprehensive strategic partnership following the vision of a global community of shared future.” (Xinhua/Li Ying)Guests attend a China-Serbia media and think tank forum and launching ceremony of the Serbian version of the report “Fostering a Global Community of Shared Future: Contemporary Significance and Tangible Achievements” in Belgrade, Serbia, April 30, 2024. At the forum, Xinhua News Agency also launched the Serbian version of the report “Fostering a Global Community of Shared Future: Contemporary Significance and Tangible Achievements.” The theme of the forum read as “Deepening China-Serbia comprehensive strategic partnership following the vision of a global community of shared future.” (Xinhua/Li Jing)Participants attend a China-Serbia media and think tank forum and launching ceremony of the Serbian version of the report “Fostering a Global Community of Shared Future: Contemporary Significance and Tangible Achievements” in Belgrade, Serbia, April 30, 2024. At the forum, Xinhua News Agency also launched the Serbian version of the report “Fostering a Global Community of Shared Future: Contemporary Significance and Tangible Achievements.” The theme of the forum read as “Deepening China-Serbia comprehensive strategic partnership following the vision of a global community of shared future.” (Xinhua/Li Jing)
Source:Daily News Egypt
May 03, 2024 19:12 UTC
Chinese president’s upcoming visit to bring new hope to Serbia’s development: Vucic
Serbian President Aleksandar Vucic said on Tuesday that Chinese President Xi Jinping’s upcoming state visit is not only a major diplomatic event for Serbia, but also a major event that is worthy of the joy of all Serbian people. While expressing his belief that Xi’s visit will bring new hope to Serbia’s development, the president said: “I am very much looking forward to President Xi’s visit.”Vucic made the remarks when meeting with visiting President of Xinhua News Agency Fu Hua in Belgrade. Serbia firmly supports China’s position on safeguarding its core interests and major concerns, Vucic stressed. On the Taiwan question, Vucic said Serbia firmly upholds the one-China principle and supports China in safeguarding its sovereignty and territorial integrity. Fu said that under the strategic guidance of President Xi and President Vucic, China-Serbia relations have witnessed vigorous development despite changes in the international landscape, setting a good example of friendly relations between China and European countries.
Source:Daily News Egypt
May 03, 2024 19:10 UTC
FM Shoukry heads for Banjulon to attend 15th Islamic summit
CAIRO – 3 May 2024: Egypt’s Foreign Minister Sameh Shoukry is due to head for the Gambian capital Banjulon, Friday evening to attend the 15th Islamic Summit Conference on behalf President Abdel Fattah El Sisi. The summit - under the theme of ‘Enhancing Unity and Solidarity Through Dialogue For Sustainable Development’ - is slated for Saturday and Sunday. The summit will tackle a host of top priority political issues on the agenda of Islamic countries in addition to means of achieving the Sustainable Development Goals, climate change and eradicating poverty. Shoukry will deliver Egypt's statement at the summit on behalf of the president and hold bilateral meetings with foreign ministers of member states on means of enhancing bilateral ties and consultations on a host of regional and international issues.
Source:Egypt Today
May 03, 2024 15:53 UTC
Thousands of Gazans receive medical treatment, psychological support since war outbreak
Egypt has allocated 150 ambulances in the city of Rafah, with 50 permanently stationed at the Rafah border crossing to receive injured individuals from Gaza, he added. Furthermore, the ministry has provided 10,628 psychological support sessions for 927 Palestinians, as stated in a statement by Abdel-Ghaffar on Friday. Egypt began receiving seriously injured Palestinians and their companions on November 1, three weeks after the start of the war on October 7. Additionally, Egypt has facilitated the evacuation of tens of thousands of foreign passport holders, their relatives, as well as thousands of stranded Egyptians from the strip during the war. The Israeli war has resulted in the death of over 34,500 Palestinians, injured more than 77,800, according to the health ministry in Gaza.
Source:Egypt Today
May 03, 2024 14:54 UTC
Egypt provided medical services to more than 1M citizens above 65yrs
CAIRO - 2 May 2024: The official page of the Egyptian Ministry of Health and Population on the social networking site “Facebook” published an infographic that includes the achievements of the health care program for elderly people. The Ministry of Health and Population said that medical services have been provided to 1,900,624 citizens over the age of 65, within the “Continuing Health Care for the Elderly” program, since the launch of the program, on October 1, 2022. For her part, Dr. Souad Abdel Majeed, Head of the Health Care and Nursing Sector, indicated that a package of health services is provided to the elderly through 860 centers in health units and family medicine centers, distributed in 21 governorates nationwide. Souad Abdel Majeed continued that the services provided include conducting a comprehensive medical examination, to detect non-communicable diseases, digestive system diseases, and malnutrition (anemia, obesity), in addition to psychological and nutritional evaluation, as well as providing health education and psychological support services. The Ministry of Health and Population confirms its keenness to provide citizens with information and respond to inquiries regarding public health initiatives through the hotline 15335, or visit the website:www.100millionseha.eg or through the Ministry’s official pages on social media platforms (Facebook, Twitter, Instagram, YouTube, LinkedIn).
Source:Egypt Today
May 02, 2024 23:13 UTC
Egypt, France Emphasize Ceasefire In Gaza, Two-State Solution
(MENAFN- Daily News Egypt)During a recent meeting in Cairo, Egypt's Foreign Minister Sameh Shoukry and his French counterpart, Stephane Ségournet, underscored the critical need for a ceasefire in Gaza and progress towards a two-state solution. The discussions focused on the current truce negotiations between Hamas and Israel, facilitated by Egypt, aiming to secure a ceasefire and facilitate prisoner exchanges. Minister Shoukry reiterated Egypt's commitment to proposing viable solutions to end the violence and restore peace. Both ministers agreed on the necessity of recognizing a Palestinian state within the 4 June 1967, borders to foster the establishment of an independent state and enhance the prospects for peace. Lastly, the ministers addressed Gaza's dire humanitarian situation, with Shoukry calling for increased humanitarian assistance and urging Israel to facilitate aid delivery by opening land crossings.
Source:Daily News Egypt
May 02, 2024 20:40 UTC
$17.7bn drop in banking sector’s net foreign assets deficit during March 2024: CBE
The net foreign assets deficit in Egypt’s banking sector decreased to $4.2bn in March 2024, down from $21.9bn in February, marking a significant reduction of approximately $17.7bn. This change is attributed to the varying dollar selling prices: EGP 30.94 in February and EGP 47.26 at March’s end. The banking sector’s net foreign assets have been on a decline since October 2021, turning negative in February 2022—when foreign currency liabilities surpassed local currency assets—coinciding with the onset of the Russo-Ukrainian conflict. As per the CBE’s latest report, the banking sector’s total foreign assets (including central and commercial banks) reached EGP 2.959trn at March’s conclusion, a substantial increase from EGP 1.574trn in February. Conversely, the sector’s liabilities stood at EGP 3.159trn, up from EGP 2.253trn.
Source:Daily News Egypt
May 02, 2024 18:46 UTC
Norway’s Scatec explores 5 new renewable energy projects in Egypt
Norwegian renewable energy company Scatec is studying five new projects in Egypt, including a massive battery storage facility, a 1 GW solar power plant, green hydrogen and ammonia plants, and a project to convert one of Egypt’s largest aluminium factories to renewable energy. The meeting was attended by Minister of Electricity and Renewable Energy Mohamed Shaker, Norwegian Ambassador to Egypt Hilde Klemetsdal, and Mohamed Amer, Scatec’s Executive Vice President for Green Hydrogen and MENA. The two-phase solar power plant would receive financing from international institutions. The green ammonia plant would produce 150,000 tons annually for fertilizer factories, while the Suez Canal Economic Zone-based green hydrogen plant would target exports to Europe. Scatec’s projects would support these goals while creating jobs and boosting the economy.
Source:Daily News Egypt
May 02, 2024 18:30 UTC
Egypt aims to boost South Korean investments across sectors | PM
CAIRO - 02 May 2024: The Egyptian Prime Minister, Mostafa Madbouly, met with representatives from the 15 most prominent South Korean companies operating in various sectors within the Egyptian market to expand South Korean investments in Egypt. During the meeting, Madbouly expressed his appreciation for the vital role played by South Korean companies in the Egyptian market. The Prime Minister emphasized the Egyptian government's commitment to expanding South Korean investments across various sectors and encouraged the companies to present their plans for future collaboration. The Acting South Korean Ambassador to Egypt was grateful to Prime Minister Madbouly for his continuous support of South Korean companies in Egypt. The Ambassador emphasized the desire of these companies to achieve success stories in the Egyptian market, which would encourage more Korean companies to invest in Egypt.
Source:Egypt Today
May 02, 2024 17:32 UTC